- The major vendors in the LFP Market in the APAC Region 2014-2018 include Canon Inc., HP Co., Ricoh Company Ltd., Roland Corp. and Seiko Epson Corp.
London, 30 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the LFP Market in the APAC Region 2014-2018. Latex inks are increasingly being used for large format printing, and are expected to be the major positive trend during the forecast period of 2013-2018.
Advances in technology in the Global LFP market have enabled vendors to introduce new printers with added features, all at an additional cost. The majority of buyers prefer the latest printers with better features and functionality, even at a higher cost rather than the outdated printers.
“The growth of the LFP market in the APAC region is driven by the Textile and Outdoor Advertising sectors,” says Faisal Ghaus, Vice President of TechNavio Research.
“Several SMEs are investing in LFPs, especially MFPs, which has led to their increased demand in the market.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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